Mumbai, January 28, 2025 – Aarvi Encon Limited (NSE: AARVI) has announced a revision and extension of an existing work order for manpower outsourcing services, increasing the contract value from ₹111.78 crore to ₹186.04 crore. The revised contract, awarded by a leading multinational EPCM (Engineering, Procurement, Construction & Management) company, has been extended until December 31, 2025.
Key Details of the Work Order Revision
| Particulars | Details |
|---|---|
| Contract Value (Revised) | ₹186.04 crore (up from ₹111.78 crore) |
| Contract Extension | January 27, 2025 – December 31, 2025 |
| Nature of Work | Manpower Outsourcing Services |
| Client Name | Not disclosed due to NDA |
| Order Type | Domestic |
| Promoter/Group Involvement | None (Not a related party transaction) |
Strategic Impact & Business Growth
- Strengthened Revenue Pipeline: The ₹74.26 crore increase in contract value highlights Aarvi Encon’s growing foothold in the EPCM sector.
- Operational Expansion: The contract extension till December 2025 ensures business stability and predictable cash flow.
- Client Retention & Growth: The renewal reflects strong client trust and service quality.
Management Commentary
Leela Bisht, Company Secretary & Compliance Officer, Aarvi Encon Limited, stated:"This contract extension and increased value reaffirm our position as a trusted manpower outsourcing partner. We remain committed to delivering high-quality services while expanding our business footprint in the EPCM sector."
Investor Outlook
- The contract significantly boosts Aarvi Encon’s order book, indicating revenue visibility for FY25.
- Investors will monitor execution efficiency and margin sustainability in the manpower outsourcing segment.